Directors Deals 

LondonMetric chairman cuts stake

LondonMetric chairman cuts stake

News of LondonMetric Property’s (LMP) acquisition of smaller rival A&J Mucklow should have come as little surprise, in a time when urban logistics landlords seek to snap up extra space in a constrained market. Given the solid rental growth reported by both LondonMetric and its target, the disposal of £1.3m of shares by non-executive chairman Patrick Vaughan earlier this month should not cause investors alarm. Mr Vaughan retains a 1.38 per cent stake in the group.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now